PUECH, Frédéric; GUILLAUMONT, Patrick - Centre d'Études et de Recherches sur le Développement … - 2006
This paper adds to the literature on the economic determinants of crime by examining the impact of macro-economic … instability. Instability increases the frustration level of individuals and incites them to smooth their income by using illegal … earnings. Results from a panel of developed and developing countries for the period 1980-97 suggests that macro-economic …